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Re: the PS; they certainly know all this -- a lot of them helped create the circumstances that led to this situation.

I know this is going to sound heretical but I wonder if a more receptive audience would not be Bayrou's soon-to-be-established parti democrate. Whats interesting about that effort is that he's not going to have big business and big financial support -- all that money is going to toe Sarkozy's line. Bayrou's not going to have the old Giscardiens around either; they'll all be palace eunuchs in the Sarkozy state. Bayrou's party, if it gets off the ground, is going to be driven by young people with new ideas about politics, media and economics -- and a desire first and foremost to renew French democracy by changing the major institutions of French public life.

My point is that France does need reform; that much is clear from how the last few months have played out. What it doesn't need is the destruction of its public services and a radical redistribution of wealth and power to the financial, commercial and business elites.

Great work, Jerome; here and every time you write these things.

by desmoulins (gsb6@lycos.com) on Fri May 4th, 2007 at 01:26:45 PM EST
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Bayrou economic program = reduce public spending and debt and all will go well for everyone.

Kind of stupid: public debt level has no correlation with economic performance and public debt alone is meaningless anyway since you have assets and total debt to take into account.

I'm pretty sure Bayrou knows this, but spreading fear about debt is well too easy.

by Laurent GUERBY on Fri May 4th, 2007 at 02:25:47 PM EST
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Yes, I agree entirely that the economic "program" he ran on was indeed "kind of stupid", and I'm sure he knows this. Thats precisely the point I tried to make above -- he's going to have to change that since his constituency will no longer be the vestigal Giscardiens but a new generation who have had enough of "kind of stupid" cliches and want to see someone who can assess issues lucidly and propose serious solutions.

Which is what I think JG was doing in his article. So my point was that Bayrou's party, since its new, may be the best opportunity to get past "kind of stupid" economics.

by desmoulins (gsb6@lycos.com) on Fri May 4th, 2007 at 02:34:33 PM EST
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I'd be the first to applause if he changes his line, but he has been running on this "public debt is evil" for all his long political career so far, so I don't hold my breath here :).
by Laurent GUERBY on Fri May 4th, 2007 at 03:10:07 PM EST
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